Uber Technologies, Inc. (NYSE:UBER) Stock Position Decreased by Cumberland Partners Ltd

Key Points

• Cumberland Partners Ltd decreased its holdings in Uber Technologies, Inc. by 30.0%, now owning 35,000 shares worth approximately $2,550,000.
• Institutional investors own approximately 80.24% of Uber's stock, indicating a strong interest from large players in the market.
• Recent insider trading included CFO Prashanth Mahendra-Rajah selling 2,750 shares at $95.00, which reduced his ownership by 11.12%.

Cumberland Partners Ltd decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,000 shares of the ride-sharing company's stock after selling 15,000 shares during the quarter. Cumberland Partners Ltd's holdings in Uber Technologies were worth $2,550,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Clark Capital Management Group Inc. lifted its holdings in shares of Uber Technologies by 11,354.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 402,522 shares of the ride-sharing company's stock worth $24,280,000 after purchasing an additional 399,008 shares during the last quarter. UMB Bank n.a. increased its position in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after buying an additional 3,073 shares during the period. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Mufg Securities Americas Inc. bought a new stake in Uber Technologies in the fourth quarter valued at $1,875,000. Finally, APG Asset Management N.V. acquired a new position in shares of Uber Technologies during the fourth quarter valued at $84,687,000. Institutional investors own 80.24% of the company's stock.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 34,884 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total transaction of $3,001,070.52. Following the transaction, the insider directly owned 102,135 shares in the company, valued at $8,786,674.05. The trade was a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,384 shares of company stock valued at $3,496,071. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.9%

Uber Technologies stock opened at $86.98 on Friday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $97.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $181.89 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.01 and a beta of 1.43. The company has a 50 day moving average price of $89.12 and a 200 day moving average price of $80.29.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a return on equity of 66.46% and a net margin of 27.07%. The company had revenue of $11.53 billion during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter in the prior year, the company earned ($0.32) earnings per share. The company's revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on UBER shares. JMP Securities reaffirmed a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. TD Cowen dropped their price target on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Citigroup lifted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Wall Street Zen raised Uber Technologies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 target price on shares of Uber Technologies in a research report on Monday, May 5th. Ten research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.71.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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